Questions and Answers
According to the Recognition of Trusts Act 1987, which of the following is true about the Hague Convention on the Law Applicable to Trusts and on their Recognition?
It aims to establish common principles between states on the law of trusts
According to the Recognition of Trusts Act 1987, which of the following is true about the choice of law for a trust?
The settlor can choose the law to govern the trust
According to the Recognition of Trusts Act 1987, which of the following factors should be considered in determining the law with which a trust is most closely connected?
All of the above
Study Notes
Hague Convention on the Law Applicable to Trusts and their Recognition
- The Hague Convention on the Law Applicable to Trusts and their Recognition is recognized by the Recognition of Trusts Act 1987.
Choice of Law for a Trust
- The Recognition of Trusts Act 1987 governs the choice of law for a trust.
Determining the Law with which a Trust is Most Closely Connected
- The Recognition of Trusts Act 1987 considers the following factors in determining the law with which a trust is most closely connected:
- The place of administration of the trust
- The jurisdiction where the trust assets are located
- The jurisdiction where the trustee is resident
- The intentions of the settlor
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